LONDON, Sept 29 A sustainable investment fund
chaired by former U.S. Vice President Al Gore sold a roughly 20
percent share in carbon offset aggregator Camco International
CAMIN.L this week, a regulatory filing showed.
The statement, filed late on Tuesday, said Generation
Investment Management LLP offloaded all of its 34.5 million
shares, representing 19.6 percent of the firm, as of Monday's
Officials at Generation IM could not be immediately reached
Camco develops clean energy projects in developing countries
under the Kyoto Protocol's carbon finance schemes.
The shares were probably sold to Khazanah Nasional, a
Malaysian government investment arm that has formed a joint
venture with Camco to develop projects in Southeast Asia.
Khazanah on Monday said it would invest 1.86 million pounds
($3 million) for 9.28 million Camco shares.
It also said it would buy a further 19.6 percent stake in
the secondary market, giving it a final holding of around 24
percent and making it Camco's biggest shareholder.
Camco shares were unchanged at 18 pence at 1205 GMT, up from
14.5p on Friday but well below all-time highs of 97p hit in May
(Reporting by Michael Szabo; Editing by Jane Baird)